Stockr.co - Bet on hourly and daily candle changes!

[carlfebz2]

You appear to be trying too hard by using that as an argument. It's silly hehehe. I reckon a real whale will not be so foolish to do all the work to open a binary options site and do more work to manipulate the market just to make small returns.

So what? it's a valid one. Plus it doesn't have to be a whale to manipulate the price. It can be a pump and dump group trying to make more money. The only thing 'silly' here is you trying to troll people and failing badly at it... :3

It is a valid one, but how can you make the market provably fair? This is not a dice game a developer can prove by use of code that the algorithm for the rolls are fair.

Asking a binary options site to make the game provably fair is silly.

This isnt a gambling site to say about provably fair but brokers can eventually had the capability on making price ticker to make some delays or price outcome so as you make
some guess then keeping an eye to the exchange on where they do get on the price because single price swing tick can really make you lose. Provably fair word wont really be applicable on this one.

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[veleten]

Isn't this pretty much exactly the same as opening a short/long position on Bitmex?

Can you explain the difference between Stockr.co and margin trading as they seem to be extremely similar.

You can validate that BitFinex rates are used by matching the prices from your platform and from ours. If the prices match or are very close, we are probably using the same platform.

Doesn't changes the fact that the rates weren't manipulated in your favour.

I guess the solution to this would be to enable use of different data providers by the user, which is something that we can offer in the future.

No, it isn't the solution. Just because you are using data from multiple sources doesn't mean that they can't be manipulated. Just like @BitCoinDream said these binary options aren't provable fair and the house edge is a quite large one with them usually at around 11-20% on average. A whopping 33% in your case.

This users suggests that your house edge is 33%, can you confirm this to be the case? If so, how can you justify such a significant house edge when the industry standard for betting portals is closed to 1-2%?

their house edge is 31% I think, you get 69% + if you get the prediction correctly
some binary options return a fraction of your stake if you got it wrong, but I think it is not the case here

1-2% house edge? are you sure you have heard what binary option is?
it is not your usual dice provably fair casino, may want to read here:
https://www.forextraders.com/binary-options/binary-options-trading-explained/

[kryptqnick]

Stockr.co is an online platform with a user friendly interface created to allow traders and alike to place wagers on the price change of crypto currencies. We offer wagers for 1hr and Daily timelines.

The idea is pretty nice. At least it's not some typical dice or poker new website. Betting on prices makes sense, since this way the bearish market doesn't form any disasdantages for a 'trader'. One can profit from being right that the price will go down. Your offered choice of cryptos is very limited, though. I wanted to say that there should be a demo mode with everything fastened, so that people could try it out for free and see how it all goes. I saw there's a demo account Test Tester, but when I tried to log in with it, it didn't work.. Oh. and Lorem ipsum instead of Terms of Service is something you reeeally should fix. How can people deposit money if they can't read your, say, withdrawal and fees policy?
Good luck!

[game-protect]

We are based in San Francisco, USA.

Who is the operator and where is your license?

[Thekool1s]

@carlfebz2 and @bbc.reporter

Are you guys for real?

Here, I will highlight an important part which you guys skipped.

'Provable fair' in the sense of free from 'manipulation'.

I know how the traditional 'Provable fairness' works and how it can't be used for binary trading or any sort of trading at all.

[carlfebz2]

@carlfebz2 and @bbc.reporter

Are you guys for real?

Here, I will highlight an important part which you guys skipped.

'Provable fair' in the sense of free from 'manipulation'.

I know how the traditional 'Provable fairness' works and how it can't be used for binary trading or any sort of trading at all.

You have some point yet each price can be verified on Bitfinex exchange which can be considered fair but we should be keen on checking out price results if our bet timer ends.

[bbc.reporter]

@carlfebz2 and @bbc.reporter

Are you guys for real?

Here, I will highlight an important part which you guys skipped.

'Provable fair' in the sense of free from 'manipulation'.

I know how the traditional 'Provable fairness' works and how it can't be used for binary trading or any sort of trading at all.

Would it make you think that the site will be fairer if it used a regulated market index like the Nasdaq instead of the price of bitcoin in Bitfinex? It would be better, I reckon. Less suspicions of price manipulation.

In any case, asking for provably fair in the sense that it is free from manipulation is asking for the impossible.

[Thekool1s]

1-2% house edge? are you sure you have heard what binary option is?
it is not your usual dice provably fair casino, may want to read here:
https://www.forextraders.com/binary-options/binary-options-trading-explained/

Yeah, The highest return I have seen from binary options is around 86%.

Would it make you think that the site will be fairer if it used a regulated market index like the Nasdaq instead of the price of bitcoin in Bitfinex? It would be better, I reckon. Less suspicions of price manipulation.

No, it won't. You can never be sure about what's going on behind the scene.

In any case, asking for provably fair in the sense that it is free from manipulation is asking for the impossible.

Exactly! So I would rather gamble on something which is provable-fair than something which can't be free from manipulation.

[Stockr.co]

I think the site that BitCoinDream was referencing was secondstrade.com, which closed down sometime in 2017 due to an apparent database hack that emptied the site of most of their funds. The Secondstrade account was also purportedly hacked and is now negged. I'm still not completely sure what happened in that whole situation and whether or not it was a deliberate scheme to run away with user funds.

Interesting game. I've always liked binary options, but the 69% rate definitely turns me away when there are other sites with higher rates out there. I may still check out the site, though. Do you have any idea what your maximum bet will become after the low maximum bet is removed?

We have lowered the return right as of now. The rate varies on what is the current crypto forecast. It takes into account if we're in a bear market across a sample of data and other details. The maximum will continue to increase as we take on more customers and are able to spread our risk.